Ford may ask Firestone to pay

ChrisKraeuter

DETROIT (CBS.MW) -- Ford may ask Firestone to pay part of the billions of dollars in costs associated with its latest tire recall, according to Newsweek.

CEO Jacques Nasser reportedly consulted several congressmen about possibly asking Firestone to help pay for the cost of the recall of 13 million Firestone tires. Ford has said it will take a $2.1 billion charge for the recall. Newsweek reported a $3 billion recall cost.

Also, preliminary findings from a federal probe into Firestone tires will indicate that the evidence would not be enough to trigger a government-ordered recall, according to the June 4 issue of Newsweek.

Ford announced on May 22 that it would recall the tires after seeing "early warning signs." See full story.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.